Gold is struggling to break above 1795.000.
You will see two candlesticks that I drew on that line.
A & B: 30-MIN Timeframe, we want price to break and close above 1795.000 with a strong bullish candle.
C: Go down to the 5-Min Timeframe, this is where we will look for entry.
D: We want the 5min candlestick to close and look similar to the one I drew, The candlestick must retest 1795.00 with only the wick, and close above that level. When 5 min candle has closed we can then take our entry.
20 pips in profit, move SL to Break even.
TP 1812.500
You will see two candlesticks that I drew on that line.
A & B: 30-MIN Timeframe, we want price to break and close above 1795.000 with a strong bullish candle.
C: Go down to the 5-Min Timeframe, this is where we will look for entry.
D: We want the 5min candlestick to close and look similar to the one I drew, The candlestick must retest 1795.00 with only the wick, and close above that level. When 5 min candle has closed we can then take our entry.
20 pips in profit, move SL to Break even.
TP 1812.500
Comment:
SL hit,luckily SL was on BE
Comment:
for those who kept the trade, you will must be at least 100 pips in profit.
TP: 1812.500
TP: 1812.500
Comment:
TP HIT
Movie SL to Break even, we are 60 pips in profit